South American Gold Corp. SAGD
(soon to be Sativa Growth International)
We initially tagged SAGD on June 21st, signaling our interest in tracking the stock as it was trading as low as .0135. We saw a nice 170% move to .0364 in a matter of week, something we mentioned on Friday when we recapped the stock’s impressive move.
Friday’s session itself brought another opportunity in SAGD in the form of a dip-and-rip scenario. The stock traded for as little as .0255 before rattling off a new high of .0378. It marked an intraday swing of 48% and as measured from our initially observed lows, the new high marked an overall increase of 180% in just over a week.
We’ll be continuing to track the company’s efforts to effect a name and direction change, as it attempts to enter the cannabis space.
SPDRA S&P 500 ETF – SPY Options Recap
On Friday morning, we took a crack at the SPY by signaling some options as the markets looked ready for a solid session. We highlighted the SPY Weekly $270-272 Calls, and the moves exhibited by those contracts were respectable and worthy of mention.
The total possible intraday gains were as follows:
$270 Calls – Range: 2.32-3.65 – Max Gain: 57%
$271 Calls – Range: 1.37-2.62 – Max Gain: 91%
$272 Calls – Range: .57-1.70 – Max Gain: 198%
UpperSolution.com URSL
We also would like to quickly make mention of URSL, a penny play we took notice of this morning after a recent run of extreme volatility. The stock has come back down to a relative bottom after a recent incredible run from less than fifty cents to more than 5.50/share. On friday the stock fell back off of a cliff down to the 1.50 area.
With these types of swings occurring in the past handful of sessions, we’re interested in tracking the stock’s activity as we kick off this holiday-shortened week.
Extended Watchlist:
CEI, TVIX, GEVO, PED, RIBT, BLFS